Cross-Border Risks of a Global Economy in Mid-Transition
Author | : Etienne Espagne |
Publisher | : International Monetary Fund |
Total Pages | : 57 |
Release | : 2023-09-08 |
ISBN-10 | : 9798400254550 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Cross-Border Risks of a Global Economy in Mid-Transition written by Etienne Espagne and published by International Monetary Fund. This book was released on 2023-09-08 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the cross-border risks that could result from a decarbonization of the world economy. We develop a typology of cross-border risks and their respective channels. Our qualitative and quantitative scenario analysis suggests that the mid-transition – a period during which fossil-fuel and low-carbon energy systems co-exist and transform at a rapid pace – could have profound stability and resilience implications for global trade and the international financial system.